Baily Raabe & Associates provides a wide range of risk management services.  All are performed on a fee basis with one common theme....to provide your entity with unbiased, professional advice on risk management and insurance-related issues.

Marketing Project— this project includes the preparation of specifications, broker selection, market allocation, coordination of broker/insurer questions and loss control visits, analyze proposals and prepare & present report including recommendations.  Saves time, assures fairness, broader coverages, expert analysis of proposals, comfort level on selection. (back to top)

Policy Review—this project consists of a review of current insurance policies and their ability to cover the major exposures facing an entity.  Site tours and review of financial data and contracts are generally required. Provides detailed areas of gaps or overlaps in coverage.  Comfort level attained as professional review of program was conducted.  Outside view often sees issues overlooked by those close to operations. (back to top)

Program Audit—this is a detailed investigation of all risk management aspects, including insurance.  Exposure identification, quantify & qualify loss potential, internal procedures reviewed, risk financing, contract analysis and loss/deductible analysis.  Provides a complete due diligence review of risk management operations and the ability to protect assets and earnings streams. (back to top)

Self-Insurance Study—in-depth analysis of a firm’s ability to self-insure exposures in lieu of purchasing insurance.  This can be in the form of individual or group self-insurance, insurance captives, rent-a-captives, or other similar vehicles.  Actuarial techniques are used for loss projections.  Provides an objective analysis of whether a firm can administratively and financially benefit from such a venture. (back to top) 

Actuarial Valuation—certified property & casualty actuarial projections to assess liability and funding levels for workers’ compensation, general and professional liability, property, automobile and other lines of coverage.  Provides client with an accurate picture of liabilities on self-funded exposures.  Will override State regulatory requirements for security on self-insured programs. (back to top)

Litigation Support—expert witness testimony in lawsuits involving coverage disputes or industry procedures.  Experienced staff with wide range of insurance industry background.  Provides needed support in lawsuits where policy interpretation, responsibility, or procedures are in question. (back to top)

Contract Analysis—review entity contracts for hold harmless, indemnification, insurance coverage, additional insured, certificate of insurance requirements, subrogation, and other insurance-related issues.  Makes sure entity is contractually assuming proper amount of risk.  Transfers risk to third parties when possible. (back to top)

Broker Selection—analyze needs of client, prepare RFP for insurance brokers/agents to respond, format for presentations, rating forms and structure and final analysis.  An objective, professionally managed approach to determine the needs of your entity and which broker will best fit those needs.  Removes the politics! (back to top)

Special Projects—miscellaneous services including product liability reviews, conference speakers, training, loss control manual, safety manuals, etc. (back to top)